2024-03-04 14:00:41

Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom

The week culminates with the February U.S. nonfarm payrolls report. Consensus forecasts point to 200K jobs added, but remember, employment data has a history of delivering upside surprises recently.

A significantly stronger-than-expected report could signal continued labor market strength, potentially delaying the Fed's rate-cutting cycle. This would be bullish for the U.S. dollar, but bearish for gold and risk assets.

Conversely, weak job growth could fuel expectations of a more dovish Fed, sending interest rate expectations lower. In this scenario, gold could rise as the U.S. dollar slides.

For a comprehensive overview of the factors that could impact financial markets and contribute to volatility in the upcoming trading sessions, peruse the thoughtfully curated selection of key forecasts by the DailyFX team.

（Source:Dailyfx-Diego Colman,）

NFP2,93%

FUEL-8,47%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.